In Nevada, a lender may obtain a deficiency judgment following a foreclosure sale if it files the suit within six months. (Nev. Rev. Stat. Here's a stepbystep explanation of what typically happens in a Nevada foreclosure and your rights during the process.In Nevada, the lender generally has the right to sue the borrower for a deficiency judgment after the foreclosure if it files the lawsuit within six months. You need to get a certified copy of the judgment and go record it in the county where hte property is located. Get an overview of civil judgments in Nevada, including how a judgment creditor collects a judgment and how a judgment debtor might contest collection. In Nevada, a property lien can be used to collect a court judgment. Here's how it works. Some judgment debtors are simply "collection proof," meaning all their income and property is exempt and can't be taken to pay a judgment. In Nevada, the lender generally has the right to sue the borrower for a deficiency judgment after the foreclosure if it files the lawsuit within six months. To help Nevada homes from foreclosing, there are options that the borrower has to get his or her payments back on track prior to a foreclosure sale.

Judgment Against Property Foreclosure In Nevada

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